Cotton Prices Up, Taiwan New Fiber Actively Expand Polyester Production Capacity

2010/10/26 11:03:00 35

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Cotton price

Continued soaring, the New York futures exchange's cotton futures surged again in December, hitting a record high of 124 cents. Under the "substitution effect", polyester and processing silk were also on the way, and the capacity was fully opened. Meanwhile, quotations were also focused on cotton prices.

Floating quotation

Response.

Taiwan new fiber pointed out that cotton prices continued to skyrocket.

Polyester products

The continuous influx of orders is now due to the full capacity operation.

In addition, in the short fiber product part, the new fiber has developed the same product as the pure cotton. In the past, due to the price slightly higher than the cotton price, the market acceptance temperature increased more slowly, but now the product price is lower than the cotton price, and the market heat is expected to increase.

In the polyester part, the new fiber has been actively expanded 1.4 times, the monthly capacity is 150 thousand tons, the expansion plan is being carried out, the monthly production capacity will increase by 210 thousand tons, and the next first quarter will be in place.

And the new engineering plastics that made the most profit this year will also expand in the mainland Hangzhou plant. The monthly production capacity will increase by 1500 tons, and the fourth quarter will expand production.

According to the legal person estimate, the 2 expansion plans will be completed by next year, and the performance will reach 3 next year.